Mortgage lender · Erlanger, KY · LEI 549300LEOR2LO8J9RT29

Victory Mortgage review: approval odds, rates and grade (2025)

Victory Mortgage earns an A, placing it in the top fifth of mid-size mortgage lenders. It turned down 4.9% of the applications it decided on in 2025, which ranks in the 73rd percentile for approval odds. Its median loan was priced 0.38 points below the average prime offer rate, ranking in the 96th percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

3.1kApplications2025
81.5%Originatedof applications
4.9%Decision denial ratenational 22.6%
6.00%Median ratenational 6.63%
$972MLoan volume9 states

Victory Mortgage at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

4.2%Denial rate (all applications)-13.78 pts vs national
4.9%Denial rate (decided applications)-17.69 pts vs national
81.5%Origination rate+23.47 pts vs national
14.3%Withdrawn by applicant
0.0%Closed for incompleteness
6.00%Median interest rate-0.63 pts vs national
-0.38Median rate spread (pts over APOR)-0.63 pts vs national
$365,000Median loan amount
$3,259Median total loan costs
$134kMedian applicant income
81%Median loan-to-value
0High-cost (HOEPA) loans

How the A grade breaks down

Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

73rd4.9% denied

Pricingmedian rate spread over APOR, weight 30%

96th-0.38 pts

Processwithdrawn + incomplete share, weight 15%

64th14.3%

Closing coststotal loan costs ÷ loan amount, weight 10%

92nd0.89% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232,5641,8815.4%6.9%6.00%$695M
20243,0832,4874.2%4.9%6.00%$903M
20253,1192,5424.2%4.9%6.00%$972M

What Victory Mortgage lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 3,001 96% · 4.2% denied
Refinance 95 3% · 2.1% denied
Cash-out refinance 23 1% · 8.7% denied

By loan type

Conventional 2,191 70% · 3.6% denied
FHA 615 20% · 6.8% denied
VA 308 10% · 3.3% denied
USDA / RHS 5 0% · 20.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 119 investment properties.

Why Victory Mortgage denies applications

Primary reason reported for each of the 131 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 69 53%
Credit history 19 15%
Other 15 11%
Employment history 13 10%
Unverifiable information 8 6%
Insufficient cash 3 2%
Collateral 3 2%
Incomplete application 1 1%

How these reasons compare nationally →

Who gets approved at Victory Mortgage

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k512831.7%
$50k – $100k7496096.5%
$100k – $150k1,0358634.4%
$150k – $250k9167493.2%
Over $250k3582902.4%
Applicant ageApplicationsOriginatedDecision denial rate
Under 251601413.4%
25–348447224.6%
35–448606735.2%
45–545394425.6%
55–644433544.1%
65–742021625.3%
Over 7471487.7%

Where Victory Mortgage lends

9 states and 63 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Ohio1,3551,1303.8%5.88%#69
Kentucky8697532.9%6.00%#48
Indiana3823115.0%6.13%#140
Georgia2552087.1%5.88%#213
Missouri141967.1%6.25%#224
Florida62446.5%6.13%#573

Frequently asked questions

Victory Mortgage denied 4.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 73rd percentile of mid-size mortgage lenders.

The most common reason Victory Mortgage gave in 2025 was "debt-to-income ratio", cited on 52.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Victory Mortgage originated in 2025 was 6.00%, and its median rate spread over the average prime offer rate was -0.38 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 96% of its applications were for home purchases, 4% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 70% conventional, 20% FHA, 10% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Victory Mortgage. Data sources · Methodology